Island Pacific said the new store will have events such as cooking demonstrations, food tastings, art exhibits, cultural workshops and instore promotions.
Citing data from the National Retail Federation, Toshiba said retail shrink accounted for $94.5 billion in losses in 2021 in the United States and continues to be a critical challenge for retailers.
The FMI research is supported by work done earlier this year by 84.51º, a part of the Kroger Co., in partnership with the Plant Based Foods Association.